Guideline Value for GARMEL NAGAR

Garmel Nagar guideline value

The current guideline value of Garmel Nagar is Rs 600 per sq.ft. It is located in Kovalam village and falls under the Thiruporur SRO. The land classification for this area is Residential Class II Type - I.

How the guideline value of Garmel Nagar has changed

The guideline value for Garmel Nagar has seen several revisions over the years. In 2007, the value was Rs 200 per sq.ft, which increased significantly to Rs 600 per sq.ft in 2012, marking a 200% increase. However, by 2017, the value dropped to Rs 402 per sq.ft, a decrease of 33% from the previous revision.

The most recent revision in 2023 set the guideline value at Rs 600 per sq.ft, reflecting a 49% increase from the 2017 figure. Overall, from 2007 to 2023, the guideline value has increased by 200%.

Guideline values in Kovalam

Currently, there are no specific village figures available for Kovalam. Garmel Nagar is one of the areas under the Thiruporur SRO. Unfortunately, there are no other streets in Kovalam listed with their guideline values.

Stamp duty and registration fee for property in Garmel Nagar

For a 1,000 sq.ft plot at the current rate of Rs 600 per sq.ft, the guideline value would be Rs 6,00,000. The stamp duty at 7% would amount to Rs 42,000, and the registration fee at 2% would be Rs 12,000, totaling Rs 54,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for further assistance.

Which Sub Registrar Office covers Garmel Nagar?

The Garmel Nagar area is covered by the Thiruporur Sub Registrar Office, located at No.29, South Mada Street, Thiruporur-603110, Chengalpattu registration zone. You can find your SRO for more details.

How the guideline value is used when you buy or sell in Kovalam

The guideline value plays a crucial role during the registration of property transactions in Kovalam. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees based on the higher value between the guideline value and the sale price. This ensures that both buyers and sellers are aware of the financial implications of their transactions.

Frequently asked questions

What is the current guideline value of Garmel Nagar?

The current guideline value of Garmel Nagar is Rs 600 per sq.ft, as per the 2023 revision.

How has the guideline value changed over the years?

The guideline value has changed from Rs 200 per sq.ft in 2007 to Rs 600 per sq.ft in 2012, then decreased to Rs 402 per sq.ft in 2017, and finally returned to Rs 600 per sq.ft in 2023.

What is the land classification for Garmel Nagar?

The land classification for Garmel Nagar is Residential Class II Type - I.

Where is the Thiruporur Sub Registrar Office located?

The Thiruporur Sub Registrar Office is located at No.29, South Mada Street, Thiruporur-603110, Chengalpattu registration zone.

How is stamp duty calculated in Garmel Nagar?

Stamp duty in Garmel Nagar is calculated based on the higher of the guideline value or the sale price. For example, on a 1,000 sq.ft plot at the current guideline value, the total stamp duty and registration fees would amount to Rs 54,000.